Adani Green Energy has fully repaid its $750 million Holdco Notes, which were used to fund its expansion over the past three years. The company used its cash reserves and a redemption reserve account, avoiding the need for refinancing. Adani Green’s capacity grew from 3.5 GW to 11.2 GW during this period.
Tech view: Sustenance of upmove in Nifty crucial for buying interest, resistance at 24,567. How to trade tomorrow
Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135,